NEW YORK--(EON: Enhanced Online News)--Kroll Bond Rating Agency (KBRA) affirms six classes of mortgage pass-through certificates from Sequoia Mortgage Trust (SEMT) 2012-4, a jumbo prime RMBS transaction (see ratings listed below).
“Sequoia Mortgage Trust Q2 Comprehensive Surveillance Report (SEMT 2010-H1 to SEMT 2012-6)”
The SEMT 2012-4 mortgage pool has experienced no losses and minimal delinquencies since issuance. As of the August 25th remittance, there is one 30-day delinquent loan with a balance of $521 thousand, representing 0.22% of the current pool size. Additionally, principal payments on the pool have resulted in increased credit enhancement to each of the rated classes. KBRA’s analysis of home price trends indicate that the mortgage pool also benefits from home prices which on average have risen since issuance.
For more information on SEMT 2012-4, please see our report, “Sequoia Mortgage Trust Q2 Comprehensive Surveillance Report (SEMT 2010-H1 to SEMT 2012-6)”, which was published on July 17, 2013 at www.krollbondratings.com.
|Class||Rating||Balance (USD)||Rating Action|
|A-IO1||AAA (sf)||$290,357,000 (1)||Affirmed|
|A-IO2||AAA (sf)||$100,000,000 (1)||Affirmed|
|A-IO3||AAA (sf)||$90,357,000 (1)||Affirmed|
(1) Notional Amount and Interest Only Certificates